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cnbc.com
SpaceX leapfrogs Amazon in market cap, briefly jumps Microsoft among top U.S. companies
CEO Elon Musk said Sunday that the company "might be able to reach approximately" $1 trillion revenue in 2030.
bbc.com
Musk's SpaceX overtakes Amazon to become world's fifth most valuable firm
Elon Musk's rocket firm has overtaken the retail and media empire in value after a surge in its share price.
cnbc.com
Treasury yields are little changed as Fed begins monetary policy meeting
U.S. Treasury yields were little changed on Tuesday as the Federal Reserve's two-day policy meeting kicked off.
cnbc.com
Kevin Warsh's Fed is not expected to make any change to rates for a while, according to CNBC Fed Survey
The survey respondents do expect the Fed at this week's meeting to remove the easing bias in the statement that has signaled the Fed's next move would likely be a cut.
theguardian.com
SpaceX to buy AI coding firm Anysphere for $60bn and passes Amazon valuation
Elon Musk firm adds startup behind Cursor app to its portfolio with xAI and reaches $2.8tn market capitalisationElon Musk’s SpaceX is buying the startup behind the AI-powered coding app Cursor for $60bn (£44bn) and has moved ahead of Amazon in valuation days after its stock market debut.The company has agreed to buy Anysphere, which has capitalised on AI’s success as a coding technology. Continue reading...
cnbc.com
Trump signals he could send details of Iran deal to Congress
The peace deal announced Sunday is meeting lukewarm reactions from Congress, including some allies of President Donald Trump.
cnbc.com
The new oil? Inside the effort to turn AI computing power into a tradeable commodity
AI compute futures could eventually rival some of the world's largest commodity markets, Silicon Data's Carmen Li believes.
theguardian.com
Retail giants join UK government drive to boost ‘plug-in’ balcony solar panels
Asda, Amazon and B&Q among retailers in talks to sell devices that feed into household sockets and can cut electricity bills by 30%Spanish homes save €10 a month via renewables expansionBosses of some of Britain’s biggest retailers are discussing plans with the government to start selling plug-in solar panels as part of a drive to encourage more UK homes to generate their own electricity.Executives from brands including Currys, B&Q and Amazon met Martin McCluskey, the minister for energy consumers, on Tuesday to discuss guidelines for selling “balcony solar panels” to the British public. Continue reading...
cnbc.com
Yum Brands sells Pizza Hut to private equity firm LongRange Capital and Yum China for $2.7 billion
Yum Brands is selling Pizza Hut, capping off years of struggles for the pizza chain.
theguardian.com
Thames Water nationalisation moves closer as government objects to rescue deal
Environment secretary raises concerns that customers would face ‘undue burden’ from £10bn planThames Water should be nationalised, says BurnhamBusiness live – latest updatesThe UK environment secretary has objected to a £10bn rescue proposal for Thames Water because it would place an “undue burden” on consumers, pushing the troubled utilities firm closer towards public ownership.Emma Reynolds wrote to Iain Coucher, who chairs the regulator Ofwat, on Monday to raise concerns about the plan for the UK’s biggest water company as she is worried that customers will lose out. Continue reading...
theguardian.com
Struggling Pizza Hut restaurant chain to be sold in two deals worth $2.7bn
Yum! Brands, parent company of KFC and Taco Bell, to sell Pizza Hut as it faces dated stores and growing competitionThe struggling Pizza Hut restaurant chain will be sold for $2.7bn by parent company Yum! Brands.Yum! Brands said in February that it was considering selling Pizza Hut and the chain looked to close 250 US restaurants. The pizza chain has struggled with outdated stores and growing competition. Continue reading...
theguardian.com
Fujitsu chair resigns after ‘woman-related inappropriate conduct’
Japanese technology company at centre of Post Office IT scandal is negotiating settlement with UK government over faulty softwareBusiness live – latest updatesThe chair of Fujitsu, the Japanese technology firm at the centre of the Post Office IT scandal, has resigned after its board became aware of his “woman-related inappropriate conduct”.The company said on Tuesday that Hidenori Furuta had stepped down after two years in the role. Continue reading...
cnbc.com
Wall Street's fear gauge tumbles as traders bid up SpaceX shares
The biggest IPO has been digested without a hiccup, and Wall Street's so-called "fear gauge" is back below its long-term average.
cnbc.com
SpaceX IPO leaves retail investors with too few shares and a tough hold-or-sell decision
Those who did receive stock are taking different approaches, with some selling into the company's market debut while others holding for the long haul.
bbc.com
Thames Water moves step closer to nationalisation after government objects to rescue deal
The environment secretary says the deal does not do enough for consumers or the environment.
cnbc.com
Trump turns his attention to Ukraine ahead of Iran deal: 'I’m going to do whatever I can’
President Donald Trump said Tuesday that "Russia should make a deal" to end its four-year war in Ukraine.
bbc.com
Funds available to help with back-to-school costs
Applications open for funding to help families with the cost of school essentials.
bbc.com
How the Iran war affects your money and bills
The conflict in the Middle East has increased pressure on the cost of petrol, household energy bills and even food.
bbc.com
Why is Thames Water in so much trouble?
Thames Water's lenders have submitted a new rescue plan to save the firm, but how did it end up in this state?
theguardian.com
Bank of Japan raises interest rates to 31-year high … of 1%
Country acts amid Iran war inflation pressures, but US Fed and Bank of England expected to hold ratesBusiness live – latest updatesThe Bank of Japan (BoJ) has raised interest rates to a 31-year high as it tries to dampen inflationary pressures created by the Iran war.Policymakers in Tokyo raised the BoJ’s short-term policy rate by a quarter of one percentage point, to 1% from 0.75%, and warned that companies were passing on rising oil costs to each other at a “relatively fast pace”. Continue reading...
bbc.com
Do online saving methods really work?
Do online saving methods really work?
theguardian.com
Kingsmill owner cleared to create UK’s biggest bread brand with Hovis takeover
ABF’s bakeries arm would be likely to exit the market entirely if the deal did not proceed, CMA findsBusiness live – latest updatesA £75m deal for the owner of Kingsmill to buy Hovis to create the UK’s biggest bread brand has been cleared by the competition watchdog.The Competition and Markets Authority (CMA) ruled that Associated British Foods’ proposed takeover of Hovis did not raise competition concerns because if the deal did not go ahead “the most likely outcome” would be ABF’s bakeries arm leaving the UK market entirely. Continue reading...
cnbc.com
How Elon Musk's second-in-command Gwynne Shotwell helped turn SpaceX into an IPO giant
CNBC spoke to people who've worked with SpaceX's president and chief operating officer.
cnbc.com
India's solution to entrance exam fraud: A temporary ban on Telegram
India has temporarily restricted access to the messaging app Telegram in an effort to prevent exam fraud.
cnbc.com
Biotech IPO revival faces competition from cash-rich big pharma buyers
Biopharma dealmaking is driven by pressure to top up drug pipelines ahead of major patent expirations later this decade.
bbc.com
Japan raises interest rate to highest for 31 years
The Bank of Japan has been raising rates from near-zero since 2024.
theguardian.com
UK ministers lobby Trump to avert backlash against social media ban
No 10 is worried about retaliation from White House over restrictions on under-16s’ internet useMinisters have embarked on a concerted lobbying operation to prevent a backlash from the Trump administration to the under-16s social media ban announced by Keir Starmer.Officials said they had spent weeks trying to reassure senior Trump officials and the US president himself that the restrictions were not specifically aimed at US technology companies. Continue reading...
cnbc.com
Qualcomm CEO says AI agents will replace apps — as chip giant works on 40 new AI-powered devices
Qualcomm CEO Cristiano Amon said he is bullish on smart glasses which could eventually become as big as the smartphone.
theguardian.com
Mamdani’s pied-à-terre tax isn’t far off Labour’s housing policy. Not that you’ll ever hear Starmer say it | Anna Minton
The UK has its own progressive policies such as the second home and ‘mansion’ taxes. So why isn’t the PM shouting it from the rooftops?In April, to mark the day on which Americans are expected to file their taxes, the New York mayor, Zohran Mamdani, filmed himself on Billionaires’ Row, an enclave of super-tall apartment buildings just south of Central Park. When he took office, he said, he would tax the rich, and now, outside the hedge fund billionaire Ken Griffin’s $238m penthouse, he was ready to make good on his pledge. “Today, we’re taxing the rich,” he said with a flamboyant smile, zooming his face into the camera. It was the opening to a short film unashamedly titled Happy Tax Day, New York.He went into battle armed with stats. According to Mark Levine, NYC’s comptroller (a senior financial executive), the pied-à-terre tax on second homes will raise about $500m annually from about 11,200 properties.Anna Minton is reader in architecture at the University of East London. Her new book, Superprime: The Sterilisation of the City, will be published by Penguin next year Continue reading...
cnbc.com
CNBC Daily Open: Iran framework signed but not delivered
U.S. President Donald Trump will meet his G7 counterparts as his memorandum of understanding with Iran goes under the microscope with other world leaders.
cnbc.com
Australia central bank warns hikes are not off the table as it keeps rates steady at 4.35%
In its statement, the RBA said that inflation was "still too high," which warranted to keep the cash rate unchanged
theguardian.com
Five-star service from mobility equipment firm saved our holiday
Wuva staff’s kindness and empathy means we are able to plan more trips awayMy husband has motor neurone disease (MND). For us to continue going away, we decided to buy a refurbished mobile hoist, which helps to get out of a bed, from the online mobility equipment company, Wuva.It arrived quickly, but had been damaged in transit and didn’t work. I contacted Wuva out of hours via WhatsApp, and within five minutes I received an extensive apology and advised an engineer would call me shortly. Continue reading...
cnbc.com
Bank of Japan hikes rates to 1%, highest since 1995, as yen and inflation worries take hold
This is the BOJ's first hike since December, when it raised rates to its current level of 0.75%, also its highest level in over 30 years.
theguardian.com
EV prices in UK and EU not likely to dive due to Chinese rivalry, says Xpeng boss
Brian Gu says he sees Chinese car firms competing on quality rather than launching price war as at homeMotorists in the UK and EU should not expect a sharp drop in the cost of electric vehicles despite increased competition among Chinese manufacturers, one of the country’s biggest electric carmakers has said.Brian Gu, the vice-chair of the manufacturer Xpeng, said that Chinese carmakers could compete on quality to win customers in the EU and UK, rather than unleashing a brutal price war as they have in China. Continue reading...
theguardian.com
The old ‘warfare v welfare’ arguments are back – but it’s Britain’s real duty to spend on both | Frances Ryan
While we need protecting from foreign enemies, slashing benefits in favour of defence will make millions less, not more, safeAs the row over the military budget grows, Keir Starmer has spent much of the past few days insisting he’s spending huge sums of taxpayer money on defence. Every single government department has made cuts to fund next month’s defence investment plan (Dip), the prime minister promised, resulting in “the biggest sustained increase since the cold war”. On Sunday, the culture secretary, Lisa Nandy, told the BBC that cabinet ministers have been asked to look for further reductions to help fund defence.Now squint and replace the word “defence” with “welfare”. Imagine Starmer – or any prime minister for that matter – boasting they’ve pinched cash from the NHS or schools to boost benefit payments. Indeed, swap “defence” for any sort of progressive cause – think housing, social care or net zero – and you’d be hard-pressed to picture a politician trying to save their career by pledging vast levels of spending, let alone if that spending was lifted from the Ministry of Defence (MoD).Frances Ryan is a Guardian columnist Continue reading...
cnbc.com
China economy weakens further in May as retail sales post first drop in over three years
China's retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, adding to signs the economic slump deepened.
cnbc.com
South Korean defense stocks surge on prospects for post-Iran-war sales boosts
South Korean defense stocks have risen as there will be "numerous export pipelines" for companies to sell to the Middle East.
theguardian.com
Starbucks Korea to temporarily shut all stores for history lesson after bungled coffee promotion
The closures, so employees can watch a recorded lecture, will cost the company an estimated 2.1bn won ($1.4m) in salesStarbucks Korea will simultaneously close all its stores for a mandatory history lesson, after a disastrous promotion that evoked memories of a pro-democracy massacre sparked public and political backlash.More than 2,000 stores will temporarily close at 3pm on 22 June, the company said, so staff can watch recorded lectures on modern Korean history and engage in “social sensitivity” training. The half-day closures will cost Starbucks an estimated 2.1bn won ($1.4m) in lost sales, according to data firm IGAWorks. Continue reading...
cnbc.com
CNBC Daily Open: Relief rally rolls on as Mideast deal boosts sentiment
As investors look to the formal signing of the Iran deal on Friday, equities are hitting fresh highs, oil is down and yields are pulling back.
bbc.com
What is Helium-3 and could we get it from the moon?
Helium-3 is expensive and demand is forecast to soar, so some are planning to mine it on the moon.
cnbc.com
People in China are watching the World Cup differently this time
A 12-hour-plus time difference and various streaming options are influencing how people in China watch the World Cup.
cnbc.com
CNBC's The China Connection newsletter: Waiting for AI to lift the whole market
China's economy sees a lift from artificial intelligence-related industries, while real estate and domestic demand remain lackluster.
cnbc.com
Nvidia plans to raise at least $20 billion in its first debt sale since start of AI boom
Nvidia is set to raise capital in a debt sale for the first time since 2021, when the chipmaker was a fraction of its current size.
bbc.com
SpaceX IPO raised $10bn more than thought
The company's listing raised $87.5bn, compared with the $75bn it was initially thought.
cnbc.com
SpaceX stock jumps 20% in first full day of trading after record debut
SpaceX is valued at over $2 trillion after its stock rallied on the first day of trading last week.
cnbc.com
How the Strait of Hormuz reopening could unfold if the U.S.-Iran deal is implemented
Tanker traffic through Hormuz could quickly increase but it is unclear whether transits will approach prewar levels, according to Kpler.
bbc.com
Anthropic to meet White House over AI tool suspension
The sudden meeting was called after Anthropic had to block users from just-released AI models.
theguardian.com
City & Guilds bosses awarded themselves millions in bonuses, investigation finds
Report finds Kirstie Donnelly and Abid Ismail paid bonuses ‘without authorisation or knowledge’ of superiors The two most senior executives at City & Guilds awarded themselves millions of pounds of bonuses “without authorisation from, or knowledge of” their superiors, an internal investigation into last year’s £166m sale of the vocational charity has found.The report on the conduct of Kirstie Donnelly, the former chief executive of City & Guilds, and the body’s finance chief, Abid Ismail, sets out how the pair “directly authorised and paid bonuses to themselves” of nearly £3m combined. Continue reading...
theguardian.com
Trump says Iran deal has been signed – video
Donald Trump has said an agreement with Iran had been signed and that the text of the deal will be released some time after a formal signing on Friday, adding that the strait of Hormuz will be fully opened. Speaking on Monday alongside the French president, Emmanuel Macron, before this week's G7 meeting in France, Trump also said Iran 'won't have a nuclear weapon'US and Iran reach framework peace deal to end war Continue reading...
theguardian.com
The Guardian view on regulating big tech: the UK’s new, tougher approach to child safety is overdue
There are real concerns about how a social media ban for under-16s will work. But tighter rules could be a step towards a better internet for everyone There is a long way to go before children under 16 in the UK are blocked from the main social media platforms – as Sir Keir Starmer announced on Monday that they will be. He proposed a date of next spring, although whether, and when, a ban comes in may be up to an eventual successor.But whatever happens next, a crunch moment has arrived sooner than expected. Until recently, it seemed highly unlikely that the government would seek to restrict the tech industry’s access to children in the way it is now doing. Eighteen months ago, ministers sided with Ofcom in a row over the implementation of the Online Safety Act. Groups including 5Rights argued that companies should be made accountable for harm reduction, as well as obliged to follow new rules. For a mixture of economic and political reasons, the government seemed determined to stay on the right side of big tech and Donald Trump. Its approach was timid.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
cnbc.com
Vance says 'a lot' of Iran deal details to figure out, but U.S. has 'all the cards'
Vance on CNBC's "Squawk Box" expressed confidence that America has "all the cards" in subsequent talks with Iran.
cnbc.com
SpaceX IPO raises total of $85.7 billion as underwriters exercise 'greenshoe' overallotment option
Elon Musk's space and artificial intelligence company raised an initial $75 billion on Thursday.
cnbc.com
Vance says U.S. expects Strait of Hormuz to be open 'toll free' long term
The U.S. and Iran have issued conflicting statements on how the Strait of Hormuz will be managed.
cnbc.com
U.S.-Iran deal explained: What we know — and what remains unresolved
Stocks rose after a preliminary U.S.-Iran agreement, but questions remain over Hormuz, Israel and what follows a potential signing in Geneva.
theguardian.com
The right wants money for defence. It should start with MoD wastefulness – or even the pensioner triple lock | Polly Toynbee
There is nothing left to be squeezed from disabled people or families, yet some continue to bang the same old drumWhat’s it to be, warfare or welfare, social or military spending, guns or butter? Hermann Göring coined that phrase calling for re-armament, “Guns will make us powerful, butter will only make us fat.” In her “Britain awake” speech, Margaret Thatcher in 1976 warned that the Soviets “put guns before butter, while we put just about everything before guns” – though defence spending fell as a proportion of GDP in her time, and faster as the cold war ended. But that peace dividend needs repaying now we are back in cold (and quite hot) war with Russia, only with the US no longer reliable, nor even a friend.The present day “guns v butter” has morphed into a warfare/welfare zero-sum. How dispiriting that Al Carns repeated it on resigning last week as armed forces minister. “There is an argument around welfare,” Carns says. “I am a firm believer that it’s about hands up, not a hand out. But we need to help the people who need the most help within the nation but also get the balance right across defence.” Why the juxtaposition? This ex-colonel of the marines would “take the country by the scruff of its neck and make it great again” – soldier talk that makes Westminster go weak at the knees.Polly Toynbee is a Guardian columnist Continue reading...
bbc.com
How could the US-Iran deal affect oil prices and the cost of food?
Experts warn the impact of the war will continue to affect the global economy for months to come.
theguardian.com
Trump wants to put a $75m coal terminal in this liberal California city. Residents aren’t having it
Residents of West Oakland, which suffers from toxic waste and high pollution rates, rally against a coal export facilityWest Oakland, a California neighborhood known for its rich history of Black activism from the Pullman Porters’ union to the Black Panthers, might not seem like the site of the country’s next great coal project.But that’s exactly what the Trump administration is pushing for – with the injection of $75m to build a sprawling coal export terminal in the nearby port of Oakland. Continue reading...
theguardian.com
EU trade deficit with China reaches record €1bn a day, data shows
Import and export figures come as European leaders prepare to meet this week to address growing imbalanceThe EU’s trade deficit with China has reached a record €1bn (£0.8bn) a day, according to official trade data, fuelling concerns over the future of Europe’s “industrial backbone”.The gap between the EU’s imports from China and exports to China amounted to €31.9bn in April, according to the latest import and export data from the EU statistics body Eurostat. Continue reading...
theguardian.com
Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens
Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpilesOil prices hit three-month low and markets rallyAfter more than 100 days of the greatest recorded disruption to the world’s energy supplies, the global oil and gas markets have breathed a sigh of relief.Hours after Donald Trump confirmed that a US-Iran peace deal would lead to the reopening of the strait of Hormuz for tankers carrying millions of barrels of oil and gas, the price of Brent crude tumbled to lows of $82 a barrel. Wholesale gas prices fell about 6%. Continue reading...
bbc.com
Fox to buy Roku streaming firm in $22bn deal
The move is seen as a bet that combining streaming with its news and sport offering will boost Fox as TV audiences move online.
bbc.com
Oil prices fall and shares jump after US-Iran deal announced
Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said.
theguardian.com
Fox strikes $22bn deal for Roku to fuel streaming push
Deal gives network access to more than 100m households using Roku streaming platformFox Corp is buying Roku in a cash-and-stock deal valued at about $22bn in a bet that pairing its sports and news programming with a top TV streaming platform will strengthen its position as audiences shift online.The deal, announced on Monday, gives Fox access to the more than 100m households using Roku’s streaming platform, potentially helping the cable TV-reliant media company better target ads and reduce reliance on traditional distribution. Continue reading...
theguardian.com
How will the under-16s social media ban work? – podcast
Keir Starmer has announced his social media ban for under-16s. The proposals are tougher than expected, and include a ban on major apps such as TikTok, Instagram, X, Snapchat, YouTube and Facebook. Plus, the Makerfield byelection is on Thursday. How will team Starmer be preparing for a potential Andy Burnham win? Continue reading...
theguardian.com
'Growing up too young': Londoners praise under-16s social media ban – video
Social media access in the UK is set to be banned for under-16s as part of an online safety drive that includes a host of other restrictions.On Monday, Londoners praised the measures that are planned to block children from access to Snapchat, TikTok, YouTube, Instagram, X and Facebook, as well as livestreaming and communication on gaming platforms.The prime minister, Keir Starmer, said the changes were a 'line in the sand' for tech companies that had failed to keep children safe.A government consultation sought views on restrictions, curfews, app time limits and curbs on what it has described as addictive design features. Nine out of 10 parents who responded supported a ban, and two-thirds of young people agreed that children under 16 should be blocked from using at least some platforms.YouTube, which is owned by Google, said the policy could push children towards unsafe platforms – a common point made by ban opponents.A spokesperson said: 'YouTube is a vital resource for young people, educators and parents. Blanket bans push kids out of such curated, supervised, beneficial experiences and towards anonymous, less safe services'Social media firms hit back as Starmer announces ban for under-16s in UKWhy is the UK launching an ‘Australia plus’ social media ban and how will it work? Continue reading...
theguardian.com
Tallying the global cost of the US-Israel war against Iran
From thousands of lives lost to an economic shock likely to plunge millions into poverty, the world is paying dearlyIt would be hard to find a human on Earth unaffected by the US-Israel war against Iran. Several thousand have been killed. Millions are paying more each day in steeper food prices or at the petrol pump, and as inflation eats away at the value of their earnings.For many, the final bill has not yet come, but it will eventually. They will pay for the long-term damage caused by the biggest threat of all to the global economy: uncertainty. Continue reading...
cnbc.com
SpaceX IPO shines a light on the product set to disrupt Wall Street
Perp market traders had a form of early access to SpaceX, and the trading closely aligned with later prices in the stock market.
bbc.com
What's happening to UK petrol and diesel prices now the US and Iran have a deal?
When the conflict began on 28 February, fuel costs jumped as the war disrupted the production and transportation of energy across the Middle East.
theguardian.com
Listen to manufacturers and unions: high electricity prices are killing industry | Nils Pratley
Make UK and TUC are right – ministers need a proper strategy to cut energy costs before there are more closuresBritain ‘faces deindustrialisation’ without relief from high energy pricesThe manufacturing lobby group Make UK and the Trades Union Congress have picked a bad moment to plead for urgent relief for the nation’s industrial companies from sky-high electricity prices. The cabinet is tearing itself apart over defence spending, so even a “one minute to midnight” call for an extra £3bn for manufacturers is likely to be shunted into the long grass until after the likely Labour leadership contest.But the two bodies are correct on their main points. The cost of energy in the UK is a heavy drag on business competitiveness. Ministers’ talk about serious industrial revival is wishful thinking while UK companies are paying the highest electricity prices in the G7, including four times as much as US counterparts. High prices also cut across most of the big items on the government’s to-do list – everything from energy transition itself to, indeed, increasing domestic defence production. Continue reading...
cnbc.com
Oil shock 'far from over' as analysts warn of new Middle East risk premium
Commodity analysts warn that oil price volatility is likely to persist, despite the U.S.-Iran peace agreement.
theguardian.com
Mike Ashley’s Frasers follows Hugo Boss bid with offer for Australia’s Accent
UK billionaire’s fashion group offers £166m for takeover of 77.1% of shares in shoe firm it does not already ownThe retail billionaire Mike Ashley has launched his second takeover bid in a week, attempting to snap up the Australian footwear business Accent Group days after announcing a tilt at Hugo Boss.Ashley’s Frasers Group, which already owns the biggest single stake in Accent at 22.9%, said it would offer 65 Australian cents (34p) a share for the remainder of the business, at the same level as its closing price on Friday. Continue reading...
theguardian.com
Investment fraud in UK soared to more than £220m lost last year, trade body says
Scams involving gold, cryptocurrencies and wine rise as criminals use AI to increasingly carry out larger-scale fraudIncreasingly elaborate investment scams involving gold, cryptocurrencies and wine have soared in the past year with more than £220m lost to the fraud, according to a report.UK banks reported almost 15,000 investment scams in 2025 as criminals use artificial intelligence to dupe people out of their money. Continue reading...
theguardian.com
Australia’s Sigma drops out of talks to buy UK’s Boots
End of discussions on takeover estimated at $10bn extends uncertainty for 177-year-old British chainThe Australian pharmaceutical group Sigma Healthcare has dropped its pursuit of the UK retail chain Boots, abandoning a takeover estimated to be worth $10bn (£7bn).Sigma, a wholesaler and retailer, said on Monday that a deal to buy the high street pharmacy business – which has 1,800 UK stores – would not meet its strategic and capital investment objectives. Continue reading...
theguardian.com
A £350 swimming pool fee ruined our easyJet holiday
We booked our hotel because of its swimming pool but a hefty hourly fee to use it wasn’t mentionedMy partner and I paid £2,150 for a week’s all-inclusive break in Marrakech with easyJet Holidays.We chose the Jaal Riad Resort Hotel because of its pool and spa. When we arrived, we were told that use of the heated pool cost £24 a person an hour, the Jacuzzi £24 for 20 minutes, and the hammam was £16 for 20 minutes. Continue reading...
bbc.com
Demand at baby bank 'has never been higher'
The founder says rising childcare costs mean many of those they help are in work but struggling.
theguardian.com
Europe is starting to break up with US big tech. But it’s still abiding by the Silicon Valley rulebook | Max von Thun
The European Commission has unveiled its plans for digital sovereignty. Its proposals betray a disappointing lack of visionBeti Hohler is a Slovenian national who lives in the Netherlands. Like tens of millions of other Europeans, she uses Apple’s app store and has an Amazon account. When she travels for work or leisure, she may want to book a place on Airbnb or Booking, using a credit card issued by Visa or Mastercard, perhaps through PayPal.But when the Trump administration sanctioned her last year for her work as a judge at the international criminal court (ICC), her ability to use any of these services vanished overnight. Her credit cards, her accounts with US companies – all gone. The sanctions against Hohler and some of her colleagues mean they live in “constant uncertainty”, she said.Max von Thun is the director of Open Markets Institute Europe, an anti-monopoly thinktank Continue reading...
bbc.com
Why I sold my business to my staff
As more US company owners reach retirement age many are selling up to their employees.
bbc.com
Millions of people can get discounts on their bills - here's how
Lower social tariffs allow many people on benefits to get cheaper deals for water, broadband and phone.
bbc.com
Financial losses from scams hit £1.3bn a year as criminals turn to AI
On average, nearly eight cases of fraud in which money is stolen are reported in the UK every minute.
bbc.com
Is the convertible heading into the sunset?
UK drivers have taken a shine to the SUV but could the fate of the convertible be reversed?
bbc.co.uk
Business Daily
An ambitious project aims to build a business hub to rival Singapore or Hong Kong
bbc.com
UK and Japan agree £18bn investment deal
Japanese firms will spend billions on UK infrastructure and offshore wind, Downing Street says.
bbc.com
UK electric car sales target set to be weakened
The new target hasn't yet been decided, with different numbers under consideration, the BBC understands.
theguardian.com
British forces intercept Russian shadow fleet vessel – video
British armed forces intercepted and boarded a Russian shadow fleet oil tanker in the Channel in the early hours of Sunday, the prime minister, Keir Starmer, has confirmed. According to the tracking website Marine Traffic, the vessel is now anchored off the coast of Dorset near Weymouth. Authorities said it would be monitored for environmental or safety concerns. The UK says the Smyrtos is one of 700 vessels in a shadow fleet responsible for carrying 75% of Russia’s oil exports, which are under international sanctions. The fleet provides Russia with what analysts say is a critical lifeline, allowing oil to be sold and funds generated to continue its war against UkraineBritish armed forces intercept Russian shadow fleet oil tanker in Channel Continue reading...
theguardian.com
Elon Musk and co may relish march of the robots but there must be AI boundaries in the workplace | Heather Stewart
As technology advances quickly, firms should not lose sight of what qualities humans bring to jobsA robot magician called D4YRL was rejected as a member of the Magic Circle last week, for being insufficiently human.While D4YRL’s tricks were exemplary, the august organisation decided “he” did not engage the audience’s emotions as a flesh-and-blood performer would. Continue reading...
theguardian.com
‘People start connecting the dots’: why an investment fund is rewilding a North Yorkshire estate
Rebalance Earth is investing in Broughton Sanctuary to generate financial, environmental and social returnsFrom a high point on the hill, the North Yorkshire landscape unrolls below. The moorland above gives way to grassland, trees and then pasture, divided by the region’s traditional dry stone walls.The view may be idyllic, but it belies the condition of parts of this land, belonging to the sprawling 1,100 hectare (2,500-acre) Broughton Sanctuary estate, near Skipton. Continue reading...
theguardian.com
London startup to trial drug to prevent cancer therapy side-effect ‘cytokine storm’
Poolbeg Pharma to test the treatment in NHS hospitals and says it is also developing a GLP-1 weight loss pillA London-based startup is about to trial a drug at six NHS hospitals that could stop people on cancer immunotherapy getting a life-threatening side-effect.Poolbeg Pharma said its oral drug POLB 001 could make treatment for blood cancer safer by preventing cytokine release syndrome (CRS), when the immune system goes into overdrive and attacks the body, leading to organ damage. Continue reading...
theguardian.com
‘It’s going to be extremely hot’: workers imperiled as sweltering World Cup temperatures are forecast
It could top 90F in several cities hosting World Cup games – and workers could pay the price with their healthAs the World Cup kicks off, labor advocates and scholars warn that the workers making the tournament possible could face serious heat-related risks.“It’s going to be extremely hot, and you just cannot leave people unprotected or you’re going to deal with a lot of injuries,” said Jonathan Alingu, co-executive director of Central Florida Jobs With Justice, which has been calling for worker protections at the Miami games. “Or, God forbid, something even worse.” Continue reading...
theguardian.com
‘I should know better’: tech expert lost £70,000 in one simple phone call
After falling for a scam call, ‘The Tech Chap’ host Tom Honeyands realised he’d given away vital details in social media postsWhen Tom Honeyands realised he had been defrauded out of £70,000 he was furious and embarrassed – and left wondering if he had given away too many details on his social media videos.Honeyands was on a work trip to Tokyo when he got a call from someone claiming to be from Lloyds bank. The caller asked if he had made a recent transaction in Singapore and when he said no, the scammer said his account had been compromised and that security details needed to be reset. Continue reading...
bbc.com
Why the US economy keeps defying the odds
Why has the American economy continued to outperform so many of its peers, despite facing the same global shocks?
theguardian.com
How Brexit has made Britain poorer – in charts
Forecasters were wrong about an immediate recession but right that we would be worse off outside the EUAs the 10th anniversary of the Brexit vote approaches, the verdict on Britain’s economic performance is clear: voting to leave has resulted in severe costs for households and businesses.The immediate recession predicted in the Treasury forecasts ordered by George Osborne – dubbed “project fear” by the Leave campaign – did not happen. The impact from the Covid pandemic, wars in Ukraine and Iran, and Donald Trump’s trade battles also cloud the picture. Continue reading...
bbc.com
Anthropic suspends new AI tools over US government security concerns
Anthropic's Claude Fable 5, released publicly this week, sparked concerns about cybersecurity and hacking.
theguardian.com
UK sets out AI infrastructure push at London Tech Week – how does it stack up?
Government announces plans to invest billions, but questions linger over how its proposals on chips, social media and more will workOwnership of the commanding heights of the AI economy is a political talking point around the world, as countries seek to assert some control of a technology dominated by the US and China.London Tech Week, the showcase event for the UK tech industry, focused heavily on that theme this week. A government keen to show it has a growth story, and an assertive narrative on AI, made a number of announcements related to companies, skills and infrastructure. Some represented new commitments and ideas; others appeared to be putting a polish on already announced measures. Continue reading...
theguardian.com
‘We eat and drink risk’: higher costs bring curtain down on more UK music festivals
Plans for new event at the Secret Garden Party site and Womad Glasgow are dashed, but others remain optimisticHosting Scotland’s first Womad festival seemed like an easy sell for Glasgow, the country’s gig capital and self-proclaimed “dynamic global hub for music lovers”.However, last week the internationally renowned event celebrating performance from around the world, successfully staged in 30 countries since being co-founded by former Genesis frontman Peter Gabriel in 1982, was cancelled due to low ticket sales. Continue reading...
bbc.com
Elon Musk's stratospheric rise to trillionaire status - in charts
The BBC breaks down how the tech mogul's fortune has grown.
bbc.com
Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut
Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.
bbc.com
UK vows to phase out Russian diesel and jet fuel imports by new year
The ban forms part of the government's package of sanctions on Moscow due to the ongoing war with Ukraine.
bbc.com
Have you been mis-sold car finance?
Martin Lewis has advice for those who have or who are planning to put in a car finance mis-selling claim.
bbc.com
UK economy contracts as Iran war impact felt
The economy shrank slightly in April as the Iran war began to have an impact on businesses, official data shows.
bbc.com
'I was employee number one at SpaceX'
The BBC's Michelle Fleury spoke to Tom Mueller, who was one of the company's founders alongside Elon Musk in 2002.
bbc.com
Watch: Three things to know about SpaceX's stock market debut
The BBC's Samira Hussain explains everything you need to know about SpaceX's historic IPO.
bbc.com
'I was employee number one': SpaceX co-founder reacts to firm's market debut
The BBC's Michelle Fleury spoke to Tom Mueller, who was one of the company's founders alongside Elon Musk in 2002.
bbc.com
Why the economics make this the craziest World Cup ever
From trade wars to soaring ticket prices, the 2026 World Cup is unlike any before it. Faisal Islam explores what this tournament reveals about our changing global economy.
bbc.com
India's 'blue gold' starts a new drinks industry
Agave plants grow wild in India and new distillers are using them to create a spirits industry.
bbc.com
My friends always want to split the bill equally, how do I say no?
It is never easy to speak up when a fellow diner says "let's just divide it!"
bbc.com
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.com
New candy stores are popping up across NYC. Why?
While US consumer confidence is at an historic low the Big Apple's sweet shops are expanding.
bbc.com
Could humanoid robots be heading for the battlefield?
Armed forces are experimenting with humanoid robots, but battlefield deployment is some way off.
bbc.com
Spain's visitor numbers hit new highs as tourists avoid Middle East
The European country had 9.1 million international visitors in April, the most ever for that month.
bbc.com
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.com
The ancient trick making food waste useful and tasty
Instead of throwing away byproducts of food processing, fermentation is making them valuable.
bbc.com
'By the grace of God': Miners dig on as lab-grown diamonds change market
The rising popularity of lab-grown diamonds heaps pressure on those hunting for the natural gems.
bbc.com
How 'confused' AI rollout hurts firms and baffles staff
Some firms are putting pressure on staff to use AI, but have not thought through their AI rollout.
bbc.com
Caribbean hot sauce producers warn of shortages and higher prices
Manufacturers in Jamaica say the key chilli peppers they need are in limited supply.
bbc.com
Humanoid robots 'the future' of car making, says BMW
BMW is introducing humanoid robots to a car plant in Europe, building on similar projects in the US.
bbc.com
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.com
Is 'out of control' US tipping culture spreading overseas?
With US waiting staff getting cross at receiving less than 20%, tips are also on the rise elsewhere.
bbc.com
The rise of the fruit that tastes like custard
Custard apple plants are prized for their hardiness but exporting their delicate fruit is difficult.
bbc.com
Morocco wants tourists to visit Western Sahara. Some say it's tightening its control
The Moroccan government wants more Western holidaymakers to visit the territory it claims to own.
bbc.com
'Six eggs used to be £1' - why everyday essentials cost so much more now
Six supermarket brand eggs cost £1 in 2022. How much are they now, why have they gone up, and is anyone profiteering?
bbc.com
Love factually: Dating start-ups promise to cut the cheats
Frustration with fake dating profiles has spurred new dating services with different approaches.
bbc.com
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.com
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
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